CryptoMediaClub
Wednesday, July 9, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Crypto Trading Volume to Top $108T in 2024, Europe Dominates

14.07.2024
A A
0
125
VIEWS
ShareShare

Europe is well-positioned to become a powerhouse in crypto trading volume, according to a CoinWire study released Friday that forecasts major expansion for the cryptocurrency market.

Global Crypto Trading Volume Forecast With Europe Dominance

The study projects global crypto trading volume to surpass $108 trillion by the end of 2024.

This estimate represents a 90% increase from 2022 levels, signaling that the crypto trading industry is on the cusp of explosive growth.

📈 Crypto trading volume forecast to exceed $108T in 2024! Europe is taking the lead in this incredible journey. 🚀 #CryptoNews #Trading #Europe

— A2ZCrypto : SWAP INR with Crypto (@crypto_a2z) July 12, 2024

The United States is tipped to lead in terms of individual country trading volume, projected to exceed $2 trillion in 2024. However, Europe emerges as a dominant force in global cryptocurrency trading.

The study shows Europe accounts for 37.32% of global cryptocurrency transactions. Trading volume in Europe in 2024 is projected to reach $40.5 trillion, a substantial 270% increase from its $15 trillion volume in 2022.

 Crypto Trading Volume
Europe leads crypto trading metric. Source: CoinWire

Europe’s increasing role in the crypto market is partly due to a proactive approach to regulation. The region has been at the forefront of defining its cryptocurrency industry with clear guidelines.

One such guideline is the landmark Markets in Crypto-Assets Regulation (MiCA), launched in 2020 and signed into law by EU officials in October 2023.

Additional regulations for crypto asset service providers are set to be implemented in December, solidifying the EU’s position as a leader in crypto regulation.

Asia follows closely behind Europe with 36.17% of global cryptocurrency transactions.

The study analyzed top centralized exchanges on CoinGecko, considering factors like web traffic by country, supported languages, headquarters location, and trading time zones.

Binance leads the market in over 100 countries with a trading volume of $2.77 trillion.

🚨Global crypto trading volume is forecasted to exceed $108 trillion in 2024, with Europe leading in transaction value.

Binance maintains its position as the leading global exchange. #cryptonewstoday pic.twitter.com/MTslj3Qape

— Ether Adventurer (@tokentraverrse) July 12, 2024

Other major exchanges also commanded a strong global presence.

OKX operates in 93 countries and has a substantial trading volume of $759 billion, while Cex.io maintains a strong presence in 92 countries and boasts a trading volume of $1.83 billion.

Coinbase is not far behind. It has established operations in 90 countries and a trading volume of $662 billion.

Bybit rounds out the list, operating in 87 countries and a trading volume of $1.14 trillion.

Future Implications and Recent Market Dynamics

When looking toward the future of cryptocurrency, consider recent market trends.

CoinEx Research’s latest report on June crypto trends provides insights into where the industry is heading.

The report highlights Bitcoin’s recent range-bound trading behavior, oscillating between $60,800 and $71,700 throughout June.

Crypto Trading Volume
Bitcoin oscillated between $60,800 and $71,700 throughout June. Source: TradingView

This consolidation phase, coupled with steady ETF inflows totaling approximately $666 million for last month, suggests a maturing market that is finding its footing amid global economic uncertainties.

The anticipation of Ethereum’s ETF approval drives market sentiment. However, the decline in gas prices and on-chain activity raises questions about the network’s immediate future.

The launch of layer-2 solutions like ZKSync and Blast is part of Ethereum’s ongoing efforts to address scalability issues, a critical factor for its long-term viability.

Solana’s recovery after a brief dip below $138 shows the market’s responsiveness to institutional interest, shown by VanEck’s filing for the first spot Solana ETF.

These developments, along with projected increases in global trading volume, paint a picture of a changing market.

The post Crypto Trading Volume to Top $108T in 2024, Europe Dominates appeared first on Cryptonews.

Share10Tweet6ShareSharePin2

Related Posts

Shiba Inu Price Prediction: SHIB Launches Counter-Offensive Against Solana Rivals – New Meme Coin Trend Starting?
All news

Shiba Inu Price Prediction: SHIB Launches Counter-Offensive Against Solana Rivals – New Meme Coin Trend Starting?

09.07.2025
0

SHIB has partnered with meme coin launchpad DegenSafe, adding fresh bullishness to the long-term Shiba Inu price outlook as a...

Read moreDetails
Russian Embassy Demands US State Dept. Provide Updates on WEX CEO Dmitry Vasiliev

Russian Embassy Demands US State Dept. Provide Updates on WEX CEO Dmitry Vasiliev

09.07.2025
Dogecoin Price Prediction: Millionaire Scottie Pippen Eyes DOGE in His Top Picks – Is This the Catalyst Meme Traders Needed?

Dogecoin Price Prediction: Millionaire Scottie Pippen Eyes DOGE in His Top Picks – Is This the Catalyst Meme Traders Needed?

09.07.2025
Tether Invests in Blockchain Analytics Firm Crystal Intelligence to Tackle Stablecoin Misuse

Tether Invests in Blockchain Analytics Firm Crystal Intelligence to Tackle Stablecoin Misuse

08.07.2025
NFT Trading Falls Fifth Consecutive Quarter Down 80% to $823M, DappRadar Reports

NFT Trading Falls Fifth Consecutive Quarter Down 80% to $823M, DappRadar Reports

08.07.2025
Load More
Next Post
Michael Saylor Reveals Bitcoin’s Use Within the US Treasury

Michael Saylor Reveals Bitcoin’s Use Within the US Treasury

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

zkSNACKs Bans U.S. Users from Wasabi Wallet and Other Services Following Recent Developments

zkSNACKs Bans U.S. Users from Wasabi Wallet and Other Services Following Recent Developments

1 year ago
Norwegian Task Force Urges Caution on CBDC Rollout: Report

Norwegian Task Force Urges Caution on CBDC Rollout: Report

8 months ago
JPMorgan Quietly Good points Bitcoin Publicity – May This Sign a Main Institutional Shift?

JPMorgan Quietly Good points Bitcoin Publicity – May This Sign a Main Institutional Shift?

5 months ago
XRP Ledger Eyes Q2 EVM Rollout — Is Ripple About to Bridge to Ethereum?

XRP Ledger Eyes Q2 EVM Rollout — Is Ripple About to Bridge to Ethereum?

4 weeks ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Stablecoin issuers’ $182 billion US Treasury hoard ranks 17th among countries, beating UAE and South Korea

Dogecoin Price Prediction: Millionaire Scottie Pippen Eyes DOGE in His Top Picks – Is This the Catalyst Meme Traders Needed?

Tether Invests in Blockchain Analytics Firm Crystal Intelligence to Tackle Stablecoin Misuse

NFT Trading Falls Fifth Consecutive Quarter Down 80% to $823M, DappRadar Reports

AI Company CoreWeave Will Buy Bitcoin Mining Giant Core Scientific for $9 Billion

Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

Trending

Shiba Inu Price Prediction: SHIB Launches Counter-Offensive Against Solana Rivals – New Meme Coin Trend Starting?
All news

Shiba Inu Price Prediction: SHIB Launches Counter-Offensive Against Solana Rivals – New Meme Coin Trend Starting?

09.07.2025
0

SHIB has partnered with meme coin launchpad DegenSafe, adding fresh bullishness to the long-term Shiba Inu price...

Survey finds gaps in mainstream Bitcoin coverage, leaving institutional investors exposed

Survey finds gaps in mainstream Bitcoin coverage, leaving institutional investors exposed

09.07.2025
Russian Embassy Demands US State Dept. Provide Updates on WEX CEO Dmitry Vasiliev

Russian Embassy Demands US State Dept. Provide Updates on WEX CEO Dmitry Vasiliev

09.07.2025
Stablecoin issuers’ $182 billion US Treasury hoard ranks 17th among countries, beating UAE and South Korea

Stablecoin issuers’ $182 billion US Treasury hoard ranks 17th among countries, beating UAE and South Korea

09.07.2025
Dogecoin Price Prediction: Millionaire Scottie Pippen Eyes DOGE in His Top Picks – Is This the Catalyst Meme Traders Needed?

Dogecoin Price Prediction: Millionaire Scottie Pippen Eyes DOGE in His Top Picks – Is This the Catalyst Meme Traders Needed?

09.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz